COBS 7.7.4 Specific Disclosure for Long-Term Insurance

Where an Insurer or an Insurance Intermediary proposes Direct Long-Term Insurance to a Retail Client, the disclosure for the purposes of this section must include:

(a) the method of calculation of any bonuses;
(b) an indication of surrender values and paid-up values, and the extent to which any such values are guaranteed;
(c) for unit-linked insurance contracts, definition of the units to which they are linked, and a description of the underlying assets;
(d) the basis of any projections included in the information; and
(e) any facts that are material to the decision to invest, including risks associated with the investment and factors that may adversely affect the performance of the Investments.